🗒️ Christmas lists can teach us a lot about supply and demand
In economics, people talk about a product’s supply (the amount being made and offered to buyers) and its demand (the amount people want to buy). If demand goes up and supply stays the same, then the price usually rises, or shops run out.
At Christmas, items at the top of a lot of Christmas lists, such as PS5 consoles, are hard to get hold of, because the demand for them is so high. Less popular choices, lower down Christmas lists, such as the Xbox Series S, are easier to get, because demand is lower.